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Overview / Commentary
203-426-2563
39 Main St
Newtown, CT 06470

Newtown Savings Bank is headquartered in Newtown and is the 10st largest bank in the state of Connecticut. It is also the 682nd largest bank in the nation. It was established in 1855 and as of December of 2013, it had grown to 217 employees at 19 locations. Newtown Savings Bank's savings rates are 35% higher than the national average, and it has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Newtown Savings Bank had $13.45 million in non-current loans and owned real-estate with $83.13 million in equity and loan loss allowances on hand to cover it. This gives Newtown Savings Bank a Texas Ratio of 16.18% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Newtown Savings Bank decreased dramatically from 23.99% as of December 31, 2012 to 16.18% as of December 31, 2013, resulting in a positive change of 32.54%.This indicates that the balance sheet and financial strength for Newtown Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, Newtown Savings Bank has increased its total deposits by $30.67 million, resulting in 4.17% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Newtown Savings Bank has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Newtown Savings Bank has $977.31 million in assets with $83.13 million in equity, resulting in a capitalization level of 8.51%, which is average.

Institution Statistics

Overall
FDIC Certificate #18199
Year Established1855
Employees217
Primary RegulatorFDIC
Assets and Liabilities
Assets$977.31 million
Loans$811.67 million
Deposits$766.86 million
Equity Capital$74.69 million
Loan Loss Allowance$8.44 million
Unbacked Noncurrent Loans$11.69 million
Real Estate Owned$1.77 million
Historic Data - December 2012
Assets$944.60 million
Equity Capital$67.30 million
Loan Loss Allowance$6.17 million
Unbacked Noncurrent Loans$11.69 million
Real Estate Owned$3.24 million
Profit Margin - Quarterly
Net Interest Margin3.28%
Return on Assets0.22%
Return on Equity3.01%
Interest Income$37.01 million
Rates

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Newtown Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.70%$100k-NSBiSavings
0.40%--NSBeSavings
0.25%$15k-Health Savings Account
0.05%--Statement Savings
0.05%--Passbook Savings
0.05%--Christmas Club

Newtown Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$1m-Business Tiered MMDA
0.20%$1m-Consumer Tiered MMDA
0.15%$100k-Business MMDA Sweep
0.05%--Basic Money Market Account - Consumer
0.05%--Basic Money Market Account - Business

Newtown Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.08%--Flagship Checking
0.05%--Interest Checking - Consumer
0.05%--Interest Checking - Sole Proprietor

Newtown Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%--5 Year CD
0.75%--4 Year CD
0.60%--3 Year CD
0.35%--2 Year CD
0.30%--18 Month CD
0.30%--15 Month CD
0.20%--1 Year CD
0.15%--6 Month CD
0.10%--3 Month CD

Newtown Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%--5 Year IRA (Traditional,Roth)
0.75%--4 Year IRA (Traditional,Roth)
0.60%--3 Year IRA (Traditional,Roth)
0.35%--2 Year IRA (Traditional,Roth)
0.30%--18 Month IRA (Traditional,Roth)
0.30%--15 Month IRA (Traditional,Roth)
0.20%--1 Year IRA (Traditional,Roth)
0.15%--6 Month IRA (Traditional,Roth)
0.10%--3 Month IRA (Traditional,Roth)
Locations

Newtown Savings Bank has 19 locations. Click to view all Newtown Savings Bank locations.